SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K


                Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934


        Date of Report (date of earliest event reported): June 17, 1999


                            MEXCO ENERGY CORPORATION

             (Exact name of registrant as specified in its Charter

  Colorado                          0-6694                       84-0627918
(State or other                (Commission File               (I.R.S. Employer
 jurisdiction of                    Number)                  Identification No.)
 incorporation)




                  214 W. Texas, Suite 1101 Midland, Texas 79701

               (Address of Principal Executive Offices) (Zip Code)



        Registrant's telephone number, including area code: 915-682-1119


ITEM 1. CHANGES IN CONTROL OF REGISTRANT

     On June 17 1999,  Nicholas C. Taylor,  pursuant to an agreement incident to
divorce, transferred 248,942 shares of the common stock ($.50 par value of Mexco
Energy  Corporation  ("Company")  to Catherine  B.  Taylor.  Prior to this share
transfer,  Mr. and Mrs.  Taylor  owned  1,079,770  shares of the common stock of
Issuer as community  property,  21,000  shares of which were held in the name of
Ms.  Taylor,  with the  balance in the name of Mr.  Taylor.  As a result of this
share transfer,  Ms. Taylor now owns 269,942 shares of common stock of Issuer as
her own separate property and no longer retains beneficial  ownership of 809,828
shares of common stock of Issuer.  Mr. Taylor now owns 809,828  shares of common
stock of Issuer, or approximately 50% of the Issuer's outstanding shares, and no
longer retains beneficial ownership of 269,942 shares of common stock of Issuer.

ITEM 2. ACQUISITION OR DEPOSITION OF ASSETS

     Pursuant to an agreement incident to divorce,  248,942 shares of the common
stock of the  Company  were  transferred  to Ms.  Taylor  such that she now owns
269,942 shares of the common stock of Issuer as her own separate  property.  Mr.
Taylor now owns 809,828 shares of the common stock of Issuer as his own separate
property.

     Prior to the share  transfer  agreement,  Mr.  Taylor held 31,000 shares of
Issuer  for the  account  of a minor  child,  Christie  Taylor,  for which he is
custodian.  This 31,000 shares of Issuer has been transferred to an account held
by Texas Gulf Bank,  N.A.,  of Freeport,  Texas,  for trust  purposes to benefit
Christie  Taylor.  Mr.  Taylor's two adult children each continue to hold 46,000
shares of Issuer's common stock,  for which Mr. Taylor  disclaims any beneficial
interest.

ITEM 3. BANKRUPTCY OR RECEIVERSHIP

Not applicable.

ITEM 4. CHANGES IN REGISTRANT?S CERTIFYING ACCOUNTANT

Not applicable.

ITEM 5. OTHER EVENTS

Not applicable.

ITEM 6. RESIGNATIONS OR REGISTRANT?S DIRECTORS

Not applicable.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

Not applicable.

ITEM 8. CHANGE IN FISCAL YEAR

Not applicable.

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



                                                Mexco Energy Corporation

                                                Registrant



                                                /s/  Nicholas C. Taylor
                                                -----------------------------
                                                Nicholas C. Taylor, President


Dated:  June 17, 1999